Xerox and Fujifilm Holdings are in "active talks" to renegotiate a deal the two struck in January, according to remarks by their lawyers at a court hearing Thursday.
The $6.1 billion deal, which would combine Xerox into an existing joint venture with Fuji, drew opposition from prominent shareholders such as Darwin Deason, Xerox's largest individual shareholder, who sued in New York state court saying the deal undervalues the American copier and printing company.
Deason and fellow activist investor Carl Icahn have been fighting the deal, saying it unfairly favors Fuji.
But while the lawyers said in court that the two sides were in talks, it wasn't clear that they were going to be able to reach a new deal.
Allergan will not bid for Dublin-based Shire PLC, according to sources familiar with the situation.
Earlier Thursday Takeda Pharmaceutical revealed it made a roughly $60 billion takeover offer bid for Shire, which the drugmaker rejected.
Reuters then reported that Allergan was "also in competing negotiations" for Shire.
Allergan released a statement later in the morning which said the company "confirms that it is in the early stages of considering a possible offer for Shire plc ('Shire'). No offer has been made."
But it appears now it will not make an actual bid.
Allergan intraday chart
Allergan shares fell as much as 8.5 percent Thursday on the initial reports, but pared its losses to down 4 percent. Shire's stock is up 6 percent.
Update: Allergan later confirmed in a statement "it does not intend to make an offer for Shire."
Shari Redstone, whose National Amusements controls CBS and Viacom, is likely to replace CBS CEO Les Moonves if a deal isn't reached between the two companies as the media tie-up hits an impasse, sources familiar with the situation said.
The main obstacle to the rejoining of the network and owner of Nickelodeon and MTV is a growing distrust between Redstone and Moonves. As CNBC previously reported, Moonves wants to pick his own management team if he is to head the combined entity and favors Joe Ianniello, chief operating officer of CBS, as his key lieutenant. Redstone, however, wants Bob Bakish, the current CEO of Viacom, as No. 2.